Greenlight Capital Re (GLRE) Interest Coverage Ratio (2018 - 2024)
Greenlight Capital Re (GLRE) reported Interest Coverage Ratio of 83.63 for Q1 2024, down 15.81% year-over-year from 99.34 in Q2 2023, and down 126.8% on a QoQ basis from 36.88 in Q4 2023.
Greenlight Capital Re (GLRE) has 7 years of Interest Coverage Ratio data on file, last reported at 83.63 in Q1 2024.
- Quarterly Interest Coverage Ratio fell 15.81% year-over-year to 83.63 in Q1 2024, while the trailing twelve-month figure through Dec 2024 was 344.66 (down 608.6% YoY) and the FY2023 annual result came in at 39.18, up 78.12% from the prior year.
- Interest Coverage Ratio eased to 83.63 in Q1 2024 per GLRE's latest filing, from 36.88 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 27.17 in Q4 2020 and bottomed at 624.39 in Q3 2021.
- The 5-year median for Interest Coverage Ratio is 59.74 (2020), against an average of 141.98.
- The widest annual swing landed in 2021, when Interest Coverage Ratio plunged 1030.32%; it then soared 85.08% in 2023.
- Tracing GLRE's Interest Coverage Ratio over 5 years: stood at 27.17 in 2020, then sank by 1030.32% to 307.1 in 2021, then jumped by 62.65% to 114.71 in 2022, then soared by 67.85% to 36.88 in 2023, then slumped by 126.8% to 83.63 in 2024.
- Per Business Quant, the three latest GLRE Interest Coverage Ratio figures stand at 83.63 (Q1 2024), 36.88 (Q4 2023), and 36.62 (Q3 2023).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Everest | 14.15 Bn | -33.10 Bn | 2.75 Bn | 15.75 |
| 2 | Reinsurance Group Of America | 13.91 Bn | 4.92 Bn | -26.00 Mn | 17.18 |
| 3 | Renaissancere Holdings | 12.54 Bn | 14.14 Bn | 1.21 Bn | 13.23 |
| 4 | Hamilton Insurance | 3.14 Bn | 2.33 Bn | - | 46.70 |
| 5 | SiriusPoint | 2.72 Bn | 1.83 Bn | 567.70 Mn | 3.95 |
| 6 | Greenlight Capital Re | 577.91 Mn | 502.82 Mn | 62.99 Mn | - |
| 7 | Oxbridge Re Holdings | 8.03 Mn | 7.22 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | -83.63 |
| Dec 31, 2023 | -36.88 |
| Sep 30, 2023 | -36.62 |
| Jun 30, 2023 | -57.23 |
| Mar 31, 2023 | -72.21 |
| Dec 31, 2022 | -114.71 |
| Sep 30, 2022 | -245.35 |
| Jun 30, 2022 | -96.09 |
| Mar 31, 2022 | -430.68 |
| Dec 31, 2021 | -307.10 |
| Sep 30, 2021 | -624.39 |
| Jun 30, 2021 | -56.57 |
| Mar 31, 2021 | -56.66 |
| Dec 31, 2020 | -27.17 |
| Sep 30, 2020 | -59.74 |
| Jun 30, 2020 | -57.15 |
| Mar 31, 2020 | -51.55 |
| Dec 31, 2019 | -78.43 |
| Sep 30, 2019 | -55.77 |
| Jun 30, 2019 | -53.24 |
| Mar 31, 2019 | -97.33 |
| Dec 31, 2018 | -64.53 |
| Sep 30, 2018 | -191.38 |